Deep Economy

Tweet    During the Great Depression the Classical Economists said “Unemployment is voluntary. Business owners will not voluntarily keep the means of production idle.”  While he had been a student of classical economics, John Maynard Keynes observed that the data didn’t fit the theory. And, he reasoned, if the observable data don’t fit the theory, […]

NY Times Special (Business As Usual) Energy Section Clifford Krauss’ “Can We Do Without the Mideast?” sets the tone for the “Special Energy Section” in the NY Times, March 31, 2011. “The path to independence – or at least an end to dependence on the Mideast – could well be dirty, expensive and politically explosive.” […]

Sustainable Investing is a subset of Value Investing. A Sustainable Investor might pass up a bargain on an unsustainable company or a well run company in an unsustainable sector, but will do well long term and sleep well at night.

Interviewed in prison, Bernie Madoff asserted that banks and hedge funds were “complicit” in his elaborate fraud. Diana Henriques, writing in the NY Times, 2/15/11, (here) said “Madoff described as ‘willful blindness’ their failure to examine discrepancies between his regulatory filings and other information,” Quoting Madoff, “They had to know. But the attitude was sort of, […]

As we consider the Centennial of President Reagan’s birth, it is important to note that while he cut taxes on some taxpayers, he raised taxes on other taxpayers. As the graph, presented by Barry Ritholtz at Business Insider, shows, the deficit shot up under President Reagan, as it did under Presidents Woodrow Wilson, Herbert Hoover, […]

Tweet “Join me in setting a new goal:  By 2035, 80 percent of America’s electricity will come from clean energy sources.”  – President Barack Obama, State of the Union, January 25, 2011. When a mouse makes noise, only other mice and local cats take notice. When a lion roars, however, everyone notices; other lions, elephants, […]

George Gilder, writing in the Wall Street Journal, 11/18/10, in California’s Destructive Green Jobs Lobby complained of the defeat of the repeal of the “Global Warming Solutions Act.” “Economic sanity lost out in what may have been the most important election on Nov. 2—and, no, I’m not talking about the gubernatorial or senate races. … […]

The Combined Cycle Power Plant, “Kombikraftwerk” can harness wind, sunlight, water, and biofuels to meet ALL Germany’s electric power needs, 365 days per year, regardless of weather conditions.  And if it “werks” in Germany, it will work here. Professor Jurgen Schmid and his colleagues at the Institute for Solar Energy Supply Systems of the University of […]

At Deutsch Bank, one of the world’s largest banks, there are some very bright people who understand that climate change is problem. An Internet search on “Deutsche Bank Climate Change” brings up links to Deutsche Bank Climate Change Advisors, which features a carbon counter,  showing the tons of Carbon Dioxide in the atmosphere, 3.6659 trillion […]

In his State of the Union Address <video, transcript Englsh, en español>, President Obama said “The best anti-poverty program is a world classeducation watch free the king’s speech online .” He described a positive, or reinforcing, feedback loop. Education enables people to accomplish more, earn more, and better educate their children, who also accomplish more […]

To paraphrase John Kennedy, “Ich bin ein Keynesian.” Jude Wanniski coined the term “Supply Side Economics” in 1976 as a reaction to  Keynesian and monetarist thought. In his book, The Way The World Works, Wanniski argues against taxes. “Working together three men can build three houses in three months. Working separately, they can build three […]